Day: October 19, 2017

AUD Gains on USD, Falls vs. Other Major Despite Supportive Data

The Australian dollar rallied against its US counterpart but fell against other most-traded rivals during the current trading session. That is despite the strong domestic employment data and decent macroeconomic reports released from China, Australia’s biggest trading partner. Australia’s employment rose by 19,800 in September from the previous month, seasonally adjusted, exceeding the median forecast of an increase by 14,100. Furthermore, the unemployment rate unexpectedly ticked down […]